Swift takes on Vadesco Logistics

Transport company Xwift's appetite does not seem to be satisfied: after four other companies, Vadesco Logistics from Lier is now being taken over. In doing so, Xwift is growing by 87 vehicles and around a hundred employees.
Date:
23/2/2024
Category:
Nieuws

About Vadesco Logistics

Founded in 1974, Vadesco Logistics specializes in dedicated transport and 24-hour distribution in the Benelux, northern France and Germany. Over the years, the company from Lier has incorporated two other transport companies (Jos Plas & Cie and VDC). In the 2022 financial year, these three companies generated an added value of €5 million. Vadesco Logistics also has three warehouses in Lier with a total area of 12,000 m2.

Strategic reasons for the Acquisition

The family shareholders of Vadesco Logistics (including Peter Van Campenhoudt, on the left side of the picture) have decided to sell their company to the group led by Pieter Denys. “Vadesco Logistics shares the same human and professional values as Xwift,” says Denys. “All Vadesco employees are kept on board. The site in Lier will also be maintained. This allows us to offer our customers a wider range of services and brings us closer to our goal of gaining a position in the top 10 transport companies in Belgium.”

Impact on the Swift Group

After this takeover, the Xwift group has 450 employees and a turnover of 62 million euros.